6 Things to Know Before Applying to the Nasscom 10,000 Startups Program

10000 startupsThe Nasscom 10,000 Startups program is inviting applications from entrepreneurs to pitch their startups to stand a chance to get funded, get access to mentors, park yourselves in a nice plug and play office and get some useful products from Microsoft and Google for free. Here are six things you need to know before you apply.

1. Process

  • Startups need to apply on: 10000startups.com. Signup and then start applying by filling up the application form.
  • 10,000 Startups team screens the applications for tech. alignment, completeness, hygiene
  • Investors and Accelerator partners review applications to shortlist applicant. 10,000 startups introduces the two parties.
  • Partner roll-out acceptance offers and termsheet to applicants
  • Entrepreneur selects most suitable offer

 2. Timelines

  • Application deadline- 30th May
  • Pitch Sessions & Offer –  June

3.  Eligibility for Nasscom 10,000Startups program

  • IT and IT enabled startups
  • Anyone from any city in India or anywhere else
  • Starting from concept/ idea stage to prototype/product stage to commercial/ revenue state
  • No bar on education background,  No bar on professional experience

4. Partners

  • Accelerator Partners : Microsoft Accelerator, Kyron, Tlabs, Venture Nursery, 91 Springboard, Indian Angel Network Incubator, TiE Hyderabad incubator, Centre For Innovation Incubation & entrepreneurship (CIIE) – IIMA, IIIT Hyderabad,
  • Funding Partners- Mumbai Angels, Chennai Angels, IAN, Harvard Angels, Hyderabad Angels, Bangalore Angels

5.Benefits

  • Common Applications – one stop shop to connect with the investor community
  • If the startup is good – will be selected by multiple investors thereby facilitating better terms and quicker decisions
  • Funding- from 25 lacs to 2cr
  • Accelerator- extensive 3-4 months program
  • Startup kit- Business & tech tools from Google, Microsoft and others
  • Startup Warehouse- Affordable coworking space in a dedicated plug and play facility for startups in Bangalore.

 6. Important Links

Disclosure: NextBigWhat is a partner of Nasscom 10,000 program.